American Oil and Gas Reporter - July 2020 - 62

SpecialReport: Geophysics & Computing
undermine its benefits, warns Elizabeth
A. Gerbel, founder, president and CEO
of E.A.G. Services Inc., a consulting firm
that specializes in back-office software.
"Many companies have paid for backoffice software only to walk away from
it," she says. "When people are looking
at software, they usually want an easy
answer, which makes it tempting to imagine that the program with the most compelling demo is exactly what they want
and will solve their problems."
Instead of looking at software as a solution, Gerbel recommends viewing it as
a tool or a means to an end. "Ideally,
companies should think about the information or capabilities they need, then
look for software that supports those
goals," she says.
The selection process must involve
people from every department that will
use the tool, Gerbel advises. "When accounting buys a system and tells the land
department to use that system's land module, the new software rarely goes over
well," she relates. "But when landmen
are involved from the beginning, they

are likely to be less resentful even if their
preference gets overruled as long as the
reasoning makes sense and they feel their
voices were heard."
Implementation Best Practices
Gerbel cautions that people frequently
underestimate the amount of work and
thought required to unlock new software's
benefits. For example, she says many
companies who license business intelligence or data visualization tools initially
assume it will be easy to create custom
reports when they need to see data in
new ways.
"In today's price environment, we are
helping operators create more detailed
reports on lease operating expenses and
track spending so they can identify and
investigate potentially unnecessary costs,"
Gerbel says. "We are also tracking joint
interest payments so they can get more
money in the door by reminding partners
about overdue bills."
These reports often need to draw on
hundreds or millions of data points that
may be spread across several systems,

Gerbel notes. "If we tried to get the data
when the client wanted the report, generating it would take too long," she remarks.
"Instead, we have to schedule data 'pulls'
so they are efficient while refreshing the
data frequently enough that it is useful.
That way, all the client has to worry
about is providing accurate data and looking at the report."
Because reports are only useful if the
data behind them is sound, Gerbel encourages companies to clean data when
implementing new software. "It is not
necessary to have perfect data, but it is a
good idea to consolidate duplicate records
as much as possible," she details. "During
conversion projects, we often find the
same well in multiple systems with different numbers and slightly different
names, which could lead to it being counted several times."
Gerbel suggests verifying that interest
percentages match up across joint interest
billing and revenue systems. She also
stresses that meaningful training is vital
to the success of any implementation
project.

Make Better Hedging Decisions
Try our weekly in-depth analysis of
natural gas and oil markets free
Visit EBWAnalytics.com for your free subscription

Advising gas & oil producers, buyers and traders since 2003
62 THE AMERICAN OIL & GAS REPORTER


http://www.EBWAnalytics.com

American Oil and Gas Reporter - July 2020

Table of Contents for the Digital Edition of American Oil and Gas Reporter - July 2020

American Oil and Gas Reporter - July 2020 - Intro
American Oil and Gas Reporter - July 2020 - 1
American Oil and Gas Reporter - July 2020 - 2
American Oil and Gas Reporter - July 2020 - 3
American Oil and Gas Reporter - July 2020 - 4
American Oil and Gas Reporter - July 2020 - 5
American Oil and Gas Reporter - July 2020 - 6
American Oil and Gas Reporter - July 2020 - 7
American Oil and Gas Reporter - July 2020 - 8
American Oil and Gas Reporter - July 2020 - 9
American Oil and Gas Reporter - July 2020 - 10
American Oil and Gas Reporter - July 2020 - 11
American Oil and Gas Reporter - July 2020 - 12
American Oil and Gas Reporter - July 2020 - 13
American Oil and Gas Reporter - July 2020 - 14
American Oil and Gas Reporter - July 2020 - 15
American Oil and Gas Reporter - July 2020 - 16
American Oil and Gas Reporter - July 2020 - 17
American Oil and Gas Reporter - July 2020 - 18
American Oil and Gas Reporter - July 2020 - 19
American Oil and Gas Reporter - July 2020 - 20
American Oil and Gas Reporter - July 2020 - 21
American Oil and Gas Reporter - July 2020 - 22
American Oil and Gas Reporter - July 2020 - 23
American Oil and Gas Reporter - July 2020 - 24
American Oil and Gas Reporter - July 2020 - 25
American Oil and Gas Reporter - July 2020 - 26
American Oil and Gas Reporter - July 2020 - 27
American Oil and Gas Reporter - July 2020 - 28
American Oil and Gas Reporter - July 2020 - 29
American Oil and Gas Reporter - July 2020 - 30
American Oil and Gas Reporter - July 2020 - 31
American Oil and Gas Reporter - July 2020 - 32
American Oil and Gas Reporter - July 2020 - 33
American Oil and Gas Reporter - July 2020 - 34
American Oil and Gas Reporter - July 2020 - 35
American Oil and Gas Reporter - July 2020 - 36
American Oil and Gas Reporter - July 2020 - 37
American Oil and Gas Reporter - July 2020 - 38
American Oil and Gas Reporter - July 2020 - 39
American Oil and Gas Reporter - July 2020 - 40
American Oil and Gas Reporter - July 2020 - 41
American Oil and Gas Reporter - July 2020 - 42
American Oil and Gas Reporter - July 2020 - 43
American Oil and Gas Reporter - July 2020 - 44
American Oil and Gas Reporter - July 2020 - 45
American Oil and Gas Reporter - July 2020 - 46
American Oil and Gas Reporter - July 2020 - 47
American Oil and Gas Reporter - July 2020 - 48
American Oil and Gas Reporter - July 2020 - 49
American Oil and Gas Reporter - July 2020 - 50
American Oil and Gas Reporter - July 2020 - 51
American Oil and Gas Reporter - July 2020 - 52
American Oil and Gas Reporter - July 2020 - 53
American Oil and Gas Reporter - July 2020 - 54
American Oil and Gas Reporter - July 2020 - 55
American Oil and Gas Reporter - July 2020 - 56
American Oil and Gas Reporter - July 2020 - 57
American Oil and Gas Reporter - July 2020 - 58
American Oil and Gas Reporter - July 2020 - 59
American Oil and Gas Reporter - July 2020 - 60
American Oil and Gas Reporter - July 2020 - 61
American Oil and Gas Reporter - July 2020 - 62
American Oil and Gas Reporter - July 2020 - 63
American Oil and Gas Reporter - July 2020 - 64
American Oil and Gas Reporter - July 2020 - 65
American Oil and Gas Reporter - July 2020 - 66
American Oil and Gas Reporter - July 2020 - 67
American Oil and Gas Reporter - July 2020 - 68
American Oil and Gas Reporter - July 2020 - 69
American Oil and Gas Reporter - July 2020 - 70
American Oil and Gas Reporter - July 2020 - 71
American Oil and Gas Reporter - July 2020 - 72
American Oil and Gas Reporter - July 2020 - 73
American Oil and Gas Reporter - July 2020 - 74
American Oil and Gas Reporter - July 2020 - 75
American Oil and Gas Reporter - July 2020 - 76
American Oil and Gas Reporter - July 2020 - 77
American Oil and Gas Reporter - July 2020 - 78
American Oil and Gas Reporter - July 2020 - 79
American Oil and Gas Reporter - July 2020 - 80
American Oil and Gas Reporter - July 2020 - 81
American Oil and Gas Reporter - July 2020 - 82
American Oil and Gas Reporter - July 2020 - 83
American Oil and Gas Reporter - July 2020 - 84
https://www.nxtbook.com/nxtbooks/aogr/202104
https://www.nxtbook.com/nxtbooks/aogr/202103
https://www.nxtbook.com/nxtbooks/aogr/202102
https://www.nxtbook.com/nxtbooks/aogr/202101
https://www.nxtbook.com/nxtbooks/aogr/202012
https://www.nxtbook.com/nxtbooks/aogr/202011
https://www.nxtbook.com/nxtbooks/aogr/202010
https://www.nxtbook.com/nxtbooks/aogr/202009
https://www.nxtbook.com/nxtbooks/aogr/202008
https://www.nxtbook.com/nxtbooks/aogr/202007
https://www.nxtbook.com/nxtbooks/aogr/202006
https://www.nxtbook.com/nxtbooks/aogr/202005
https://www.nxtbook.com/nxtbooks/aogr/202004
https://www.nxtbook.com/nxtbooks/aogr/202003
https://www.nxtbook.com/nxtbooks/aogr/202002
https://www.nxtbook.com/nxtbooks/aogr/202001
https://www.nxtbook.com/nxtbooks/aogr/201912
https://www.nxtbook.com/nxtbooks/aogr/201911
https://www.nxtbook.com/nxtbooks/aogr/201910
https://www.nxtbook.com/nxtbooks/aogr/201909
https://www.nxtbook.com/nxtbooks/aogr/201908
https://www.nxtbook.com/nxtbooks/aogr/201907
https://www.nxtbook.com/nxtbooks/aogr/201906
https://www.nxtbook.com/nxtbooks/aogr/201905
https://www.nxtbook.com/nxtbooks/aogr/201904
https://www.nxtbook.com/nxtbooks/aogr/201903
https://www.nxtbook.com/nxtbooks/aogr/201902
https://www.nxtbook.com/nxtbooks/aogr/201901
https://www.nxtbook.com/nxtbooks/aogr/201812
https://www.nxtbook.com/nxtbooks/aogr/201811
https://www.nxtbook.com/nxtbooks/aogr/201810
https://www.nxtbook.com/nxtbooks/aogr/pbios_201810
https://www.nxtbook.com/nxtbooks/aogr/201809
https://www.nxtbook.com/nxtbooks/aogr/201808
https://www.nxtbook.com/nxtbooks/aogr/201807
https://www.nxtbook.com/nxtbooks/aogr/201806
https://www.nxtbook.com/nxtbooks/aogr/201805
https://www.nxtbook.com/nxtbooks/aogr/201804
https://www.nxtbook.com/nxtbooks/aogr/201803
https://www.nxtbook.com/nxtbooks/aogr/201802
https://www.nxtbook.com/nxtbooks/aogr/201801
https://www.nxtbook.com/nxtbooks/aogr/201712
https://www.nxtbook.com/nxtbooks/aogr/201711
https://www.nxtbook.com/nxtbooks/aogr/201710
https://www.nxtbook.com/nxtbooks/aogr/201709
https://www.nxtbook.com/nxtbooks/aogr/201708
https://www.nxtbook.com/nxtbooks/aogr/201707
https://www.nxtbook.com/nxtbooks/aogr/201706
https://www.nxtbook.com/nxtbooks/aogr/201705
https://www.nxtbook.com/nxtbooks/aogr/201704
https://www.nxtbook.com/nxtbooks/aogr/201703
https://www.nxtbook.com/nxtbooks/aogr/201702
https://www.nxtbook.com/nxtbooks/aogr/201701
https://www.nxtbook.com/nxtbooks/aogr/201612
https://www.nxtbook.com/nxtbooks/aogr/201611
https://www.nxtbook.com/nxtbooks/aogr/201610
https://www.nxtbook.com/nxtbooks/aogr/pbios2016_programguide
https://www.nxtbook.com/nxtbooks/aogr/201609
https://www.nxtbook.com/nxtbooks/aogr/201608
https://www.nxtbook.com/nxtbooks/aogr/201607
https://www.nxtbook.com/nxtbooks/aogr/201606
https://www.nxtbook.com/nxtbooks/aogr/201605
https://www.nxtbook.com/nxtbooks/aogr/201604
https://www.nxtbook.com/nxtbooks/aogr/201603
https://www.nxtbook.com/nxtbooks/aogr/201602
https://www.nxtbook.com/nxtbooks/aogr/201601
https://www.nxtbook.com/nxtbooks/aogr/201512
https://www.nxtbook.com/nxtbooks/aogr/201511
https://www.nxtbook.com/nxtbooks/aogr/201510
https://www.nxtbook.com/nxtbooks/aogr/201509
https://www.nxtbook.com/nxtbooks/aogr/201508
https://www.nxtbook.com/nxtbooks/aogr/201507
https://www.nxtbook.com/nxtbooks/aogr/201506
https://www.nxtbook.com/nxtbooks/aogr/201505
https://www.nxtbook.com/nxtbooks/aogr/201504
https://www.nxtbook.com/nxtbooks/aogr/201503
https://www.nxtbook.com/nxtbooks/aogr/201502
https://www.nxtbook.com/nxtbooks/aogr/201501
https://www.nxtbook.com/nxtbooks/aogr/201412
https://www.nxtbook.com/nxtbooks/aogr/201411
https://www.nxtbook.com/nxtbooks/aogr/201410
https://www.nxtbook.com/nxtbooks/aogr/201409
https://www.nxtbook.com/nxtbooks/aogr/pbios2014_programguide
https://www.nxtbook.com/nxtbooks/aogr/201408
https://www.nxtbook.com/nxtbooks/aogr/201407
https://www.nxtbook.com/nxtbooks/aogr/201406
https://www.nxtbook.com/nxtbooks/aogr/201405
https://www.nxtbook.com/nxtbooks/aogr/201404
https://www.nxtbook.com/nxtbooks/aogr/201403
https://www.nxtbook.com/nxtbooks/aogr/201402
https://www.nxtbook.com/nxtbooks/aogr/201401
https://www.nxtbook.com/nxtbooks/aogr/201312
https://www.nxtbook.com/nxtbooks/aogr/201311
https://www.nxtbook.com/nxtbooks/aogr/201310
https://www.nxtbook.com/nxtbooks/aogr/201309
https://www.nxtbook.com/nxtbooks/aogr/201308
https://www.nxtbook.com/nxtbooks/aogr/201307
https://www.nxtbook.com/nxtbooks/aogr/201306
https://www.nxtbook.com/nxtbooks/aogr/201305
https://www.nxtbook.com/nxtbooks/aogr/201304
https://www.nxtbook.com/nxtbooks/aogr/201303
https://www.nxtbook.com/nxtbooks/aogr/201302
https://www.nxtbook.com/nxtbooks/aogr/201301
https://www.nxtbook.com/nxtbooks/aogr/201212
https://www.nxtbook.com/nxtbooks/aogr/201211
https://www.nxtbook.com/nxtbooks/aogr/201210
https://www.nxtbook.com/nxtbooks/aogr/201209
https://www.nxtbook.com/nxtbooks/aogr/2012_pbios
https://www.nxtbook.com/nxtbooks/aogr/201208
https://www.nxtbook.com/nxtbooks/aogr/201207
https://www.nxtbook.com/nxtbooks/aogr/201206
https://www.nxtbook.com/nxtbooks/aogr/201205
https://www.nxtbook.com/nxtbooks/aogr/201204
https://www.nxtbook.com/nxtbooks/aogr/201203
https://www.nxtbook.com/nxtbooks/aogr/201202
https://www.nxtbook.com/nxtbooks/aogr/201201
https://www.nxtbook.com/nxtbooks/demo/aogr_clone
https://www.nxtbook.com/nxtbooks/aogr/201112
https://www.nxtbookmedia.com